Hello dear ScaleWatchers,
Let's round up and comment some of the most important news that happened this week in the L2 scene:
*Work in progress, experimental Edition*
Trump assasination attempt, Vitalik's political considerations
The week began on the intense drama surrounding the Trump assasination attempt that took place on Saturday during a rally in Pennsylvania. As we all know, Trump came out of the bad situation with a wound on his ear and a historic defiant photo that will probably help him winning the November's elections. There's been a welcoming bipartisan condemnation of the sad episode which we hope it can be the beginning of a de-escalation of tensions in the American political sphere. In my own view, the best scenario for our beloved bags is that Democrats resign to the possibility of seeing Trump winning the elections so that, on one hand, we'll reduce the chances of seeing scenes of dangerous turmoil and, on the other hand, we'll hopefully see the Republicans rolling out pro-crypto regulations as they recently committed to in their official electoral program issued last week.
On Wednesday, while the political tension in Crypto seemed to diminish a little bit, Vitalik accidentally threw more fuel on the fire by publishing an article on his blog titled "Against choosing your political allegiances based on who is Pro-Crypto" which was both criticised and backed a lot on X.
Green token pastures,Tech Stock keep going up, ETH ETF likely to start trading next week
Most markets reacted pretty well to the Trump's "narrow escape" and we saw green double-digits in Eth and in most L2s-related coins (following screenshot taken at around 12UTC on Jul 17th):
During the week, we also saw tech stocks reaching ATH and approaching overheated territories in Daily & Weekly timeframes that led to a slight retracement in the final part of the week.
Seeing stocks reaching these levels before seeing the Fed cutting rates and before the US elections is something people weren't expecting and it adds more uncertainty to the next 4-6 months.
The much awaited ETH ETF is likely to start trading next week and the news helped (together with the overall market good sentiment) the eth price to briefly touch $3500 levels again. Should we see decent inflow in the ETF in its first few days, it is possible that's gonna be the official ignition of a new bullish leg for the Crypto markets (Helmets on).
Screenshot from L2Beat
Huddle01, a real time communication (RTC) DePIN protocol announces the creation of an L3 on top of Arbitrum Orbit using the Caldera's RaaS (Roll up as a Service) toolkit. You can watch an introductory AMA on the HuddleMeet platform here.
You can watch an explanatory talk about the ZKSync Elastic Chain performed during the recent Modular Summit by their Founder @gluk64.
Base launches the Mister Miggles OnChain campaign highlighting the potential of IP-friendly NFTs. Mint the cool ad OnChain to contribute to a creators fund while taking part in the Mister Miggles meme-challenge!
You can learn about the details around the upcoming Starknet Staking mechanism and what it means for the Starknet protocol, its vision and its community.
StarkWare verified
Puffer drops a series of tweets giving more details about their UniFi Based Rollup
Rotkiapp, a privacy-friendly portfolio tracker, issues their latest version
Lens Protocol strikes a partnership with content-authentification platform, @NodleNetwork.
Thanks a lot for reading the first edition of "ScaleWatching the Week". We're planning to add more sections from the upcoming editions.
Risk & Disclaimers: The content provided in this newsletter is for informational purposes only and should not be construed as financial, investment, or trading advice. Cryptocurrency investments are highly volatile and subject to significant risks, including the potential loss of your entire investment. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. We do not endorse, recommend, or make any representations about the efficacy, accuracy, or completeness of any information provided herein. By reading this newsletter, you acknowledge and accept that you are solely responsible for any financial decisions you make.
Hello dear ScaleWatchers,
Let's round up and comment some of the most important news that happened this week in the L2 scene:
*Work in progress, experimental Edition*
Trump assasination attempt, Vitalik's political considerations
The week began on the intense drama surrounding the Trump assasination attempt that took place on Saturday during a rally in Pennsylvania. As we all know, Trump came out of the bad situation with a wound on his ear and a historic defiant photo that will probably help him winning the November's elections. There's been a welcoming bipartisan condemnation of the sad episode which we hope it can be the beginning of a de-escalation of tensions in the American political sphere. In my own view, the best scenario for our beloved bags is that Democrats resign to the possibility of seeing Trump winning the elections so that, on one hand, we'll reduce the chances of seeing scenes of dangerous turmoil and, on the other hand, we'll hopefully see the Republicans rolling out pro-crypto regulations as they recently committed to in their official electoral program issued last week.
On Wednesday, while the political tension in Crypto seemed to diminish a little bit, Vitalik accidentally threw more fuel on the fire by publishing an article on his blog titled "Against choosing your political allegiances based on who is Pro-Crypto" which was both criticised and backed a lot on X.
Green token pastures,Tech Stock keep going up, ETH ETF likely to start trading next week
Most markets reacted pretty well to the Trump's "narrow escape" and we saw green double-digits in Eth and in most L2s-related coins (following screenshot taken at around 12UTC on Jul 17th):
During the week, we also saw tech stocks reaching ATH and approaching overheated territories in Daily & Weekly timeframes that led to a slight retracement in the final part of the week.
Seeing stocks reaching these levels before seeing the Fed cutting rates and before the US elections is something people weren't expecting and it adds more uncertainty to the next 4-6 months.
The much awaited ETH ETF is likely to start trading next week and the news helped (together with the overall market good sentiment) the eth price to briefly touch $3500 levels again. Should we see decent inflow in the ETF in its first few days, it is possible that's gonna be the official ignition of a new bullish leg for the Crypto markets (Helmets on).
Screenshot from L2Beat
Huddle01, a real time communication (RTC) DePIN protocol announces the creation of an L3 on top of Arbitrum Orbit using the Caldera's RaaS (Roll up as a Service) toolkit. You can watch an introductory AMA on the HuddleMeet platform here.
You can watch an explanatory talk about the ZKSync Elastic Chain performed during the recent Modular Summit by their Founder @gluk64.
Base launches the Mister Miggles OnChain campaign highlighting the potential of IP-friendly NFTs. Mint the cool ad OnChain to contribute to a creators fund while taking part in the Mister Miggles meme-challenge!
You can learn about the details around the upcoming Starknet Staking mechanism and what it means for the Starknet protocol, its vision and its community.
StarkWare verified
Puffer drops a series of tweets giving more details about their UniFi Based Rollup
Rotkiapp, a privacy-friendly portfolio tracker, issues their latest version
Lens Protocol strikes a partnership with content-authentification platform, @NodleNetwork.
Thanks a lot for reading the first edition of "ScaleWatching the Week". We're planning to add more sections from the upcoming editions.
Risk & Disclaimers: The content provided in this newsletter is for informational purposes only and should not be construed as financial, investment, or trading advice. Cryptocurrency investments are highly volatile and subject to significant risks, including the potential loss of your entire investment. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. We do not endorse, recommend, or make any representations about the efficacy, accuracy, or completeness of any information provided herein. By reading this newsletter, you acknowledge and accept that you are solely responsible for any financial decisions you make.
Scroll kicks off the Protocol Symposium seminar which is a series of talks about decentralized systems and protocol designs that will take part every thursday until mid-September.
Find out more about the winning projects of the ETHGlobal Hackathon in the Scroll category.
Optimism unveils the results of the Fourth OP Retro Funding round for the community contributors of the Superchain.
@0xmetaschool is holding a course to help you building a decentralized Music streaming platform on top of zkSync.
Camp Network, an identity-focused platfrom, is building its own L2 on top of the OP Superchain using the Gelato RAAS.
Mantle turns 1-year old and it celebrated its first year with a commemorative NFT and a raffle.
Metamask unveils the Delegation Toolkit to help Devs building better UX for their dApps. You can find a practical feedback about how the kit works here.
EthGlobal is hosting the "Superhack on the Superchain" Online Hackathon in collaboration with Optimism and other OP chains like Base, Worldcoin and Celo.
Scroll kicks off the Protocol Symposium seminar which is a series of talks about decentralized systems and protocol designs that will take part every thursday until mid-September.
Find out more about the winning projects of the ETHGlobal Hackathon in the Scroll category.
Optimism unveils the results of the Fourth OP Retro Funding round for the community contributors of the Superchain.
@0xmetaschool is holding a course to help you building a decentralized Music streaming platform on top of zkSync.
Camp Network, an identity-focused platfrom, is building its own L2 on top of the OP Superchain using the Gelato RAAS.
Mantle turns 1-year old and it celebrated its first year with a commemorative NFT and a raffle.
Metamask unveils the Delegation Toolkit to help Devs building better UX for their dApps. You can find a practical feedback about how the kit works here.
EthGlobal is hosting the "Superhack on the Superchain" Online Hackathon in collaboration with Optimism and other OP chains like Base, Worldcoin and Celo.
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